Indonesia to sell 2.5 million tonnes of palm oil to China

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JAKARTA : Nine Indonesian companies on Friday signed contracts to sell 2.5 million tonnes of palm oil products valued at $2.6 billion to 13 Chinese buyers, the Indonesian trade ministry said in a statement.The deal was a follow up from President Joko Widodo's state visit to China in July. The Indonesian g

JAKARTA : Nine Indonesian companies on Friday signed contracts to sell 2.5 million tonnes of palm oil products valued at $2.6 billion to 13 Chinese buyers, the Indonesian trade ministry said in a statement.

Indonesian trade minister Zulkifli Hasan said exports to China would not disrupt domestic cooking oil supply as the government has mandated exporters to supply the domestic market to obtain export permits.

Source: News Formal (newsformal.com)

 

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